Money Pros And Cons Of New Condos
Long deemed undesirable, new urban developments have come into vogue in the last several years, thanks to the high-profile designs of star architects. Between November 2005 and November 2006, new-home prices rose 6 percent, while existing-home prices fell, according to the National Association of Home Builders. “Their prestige value drew in a whole new audience of buyers,” says Pamela Liebman, CEO of the Corcoran Group, a real-estate brokerage in New York City....